Apple’s 1Q22: By the Numbers, Apple Gross Margins Steal the Show, One Remaining Messy Growth Quarter, Apple’s Paid Subscriptions Train
Today's Above Avalon daily update includes the following stories:
Apple’s 1Q22: By the Numbers
Apple Gross Margins Steal the Show
One Remaining Messy Growth Quarter
Apple’s Paid Subscriptions Train
We kick things off with a recap of Apple’s 1Q22 results and how the numbers compared to my expectations. The discussion includes my unit sales estimates for Apple’s various products (data that Apple does not provide). We then look at three major takeaways from Apple's earnings dealing with gross margins, forward growth rates, and the number paid subscriptions.
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